 TfNN, The Tiger, Financial News Network. Update. Good morning everyone, Basel Chapman here on this 5th of January, Friday. We're looking at the Dow which was much weaker earlier on. Now up 65 points at 37,503. That nine period exponential moving average is holding beautifully but there has been a little bit of a pullback and we're looking at the S&P which also was very weak. The S&P is now up 17 and 47.06. This could be one of the first green days it's had in a little while. Just saving the nine period moving average from turning negative and we're looking at the QQQ. 123 has been acting very poorly. Even today it's only up $1.35 at 397.75 and that nine period moving average is so close to turning negative. We'll see by the end of the day what happens and let's go to the IWM. That's the Russell. 3439. It's taken quite a bit of a beating on the last day. It's gone actually into past the gap of December. So we're looking at this to see what happens next and we're looking at bonds and bonds also come down very sharp. It's still down almost a half a point in 122.1832. So years have been going up. Let's look at crude oil. Crude oil is trading up sharp. It's up $1.96 at 7412. Now this is going to be interesting because we want to look at the so we looked at that. We looked at bonds. Here we go bonds. Yep we looked at bonds and we want you to look at why gold of course and gold is now up 13 points at 2063. It actually went right down to the 50 period exponential moving average and now it's popped nicely to the upside. The 9 period moving average is still above the 14. So that says that gold is still finding some intrinsic strength in the sideways. Really a sideways pattern. The dollar's given back much of the gain that it had earlier this morning. It is now up 6 ticks at 1 or 2.47. So this market, wherever the news is being, there were jobs reports, a whole bunch of things going on. The market has taken this news as allowing for a relief rally. Very nice. The dollar's up 114 points right now and the SMU is up 23. Let's see how the day ends. Very important day because it implies the weekly charts coming up this following week after spectacular single move up to the single leg A. We'll see where it closes today for a clock. I'll be back for the time. Check out.